For much of the things we do in life we can often find the strength and the perseverance to do them ourselves. Some of these things are ill-advised attempts to make our lives bearable and more profitable and some we just need to do on our own to prove to ourselves that we can do them. In order to fulfill this need we take on DIY projects like home renovations, building a shed, or even maintaining a garden. There are some things, though that we simply should not do on our own as it will end up yielding a result that is bad or that is worse than the potential result of having someone’s help. Selling your house is one of those things.
When thinking of selling your home in the housing market you must first know your options and how you are going to approach what could be the biggest decision of your life (no pressure). Do you really need an agent to sell your home? Of course not. However, if you want to get the most for your home so that you can finally move –up to that dream home you’ve always had your eye on then having an agent is essential (unless you are an agent, of course). Here is what Fannie Mae had to say about the subject:
“Select how you’ll market and list the home (e.g., with a real estate agent or for sale by owner). There are pros and cons to each, but unless you are experienced at selling homes, it usually makes financial sense to get professional help—homes sold by agents typically sell at a higher price and spend less time on the market. An agent will also help you determine the best pricing for the house, they’ll market the home, and they’ll be your advocate throughout the process.”
So, what does this all mean? This means that one of the leaders in the housing market (Fannie Mae) believes that having an agent is a must when selling a house. Fannie Mae mentioned:
- Homes sold by agents typically sell at a higher price.
- Homes sold by agents typically spend less time on the market (this is very important as the longer a house stays on the market the less likely it is to sale for market value).
- An agent will help you determine the best pricing for your house.
- An agent will market your home.
- An agent will be your advocate throughout the entire process.
If Fannie Mae says it then it must be true. If one of the biggest players in any industry tells you that you will have more success if you do things a certain way then you may want to follow their advice. If Fannie Mae tells you that using an agent probably makes sense, then perhaps you should interview an agent before putting your house up for sale. Remember, agents aren’t just there to help you sell your house they are there to help educate you on the entire process.